With only hours left in 2022, BTC is about to close its most painful year in terms of USD price action.
For better or worse, 2022 is about to end, and the bitcoin bulls are in a hurry to send this rather violent year packing. The asset’s price tumbled amid macroeconomic hurdles, industry collapses and scams, and everything in between.
The micro scale doesn’t give much hope either, as BTC slipped to a new 10-day low of way below $16,500 yesterday.After the massive bull market of 2021, in which bitcoin skyrocketed to an all-time high of $69,000, all eyes were on the asset to double down and keep charting new peaks. Recall that many expected the $100,000 milestone to be next, hence the countlessThe cryptocurrency entered 2022 at just under $50,000, but only a few could have predicted what would happen next.
As such, its market capitalization is still beneath $320 billion, while its dominance over the alts is calm at 40.1%.The alternative coins also suffered a lot in 2022, but we will focus on their most recent price moves now. Solana has been among the worst hit due to his exposure to Alameda and FTX. The past week brought a 25%Most of the market is in green as well, with minor recovery attempts. ETH is still under $1,200, even with a 0.5% daily increase.
OKB is among the best performers, following a 4% daily increase. As a result, OKX’s native coin trades at $26. The overall crypto market cap is close to $800 billion.
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